Timber Creek Capital Management LLC Sells 13,509 Shares of The Charles Schwab Corporation $SCHW

Timber Creek Capital Management LLC reduced its stake in The Charles Schwab Corporation (NYSE:SCHW) by 11.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 104,181 shares of the financial services provider’s stock after selling 13,509 shares during the quarter. Charles Schwab makes up 2.5% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Timber Creek Capital Management LLC’s holdings in Charles Schwab were worth $10,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SCHW. Brighton Jones LLC grew its position in Charles Schwab by 380.5% in the 4th quarter. Brighton Jones LLC now owns 24,240 shares of the financial services provider’s stock worth $1,794,000 after purchasing an additional 19,195 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Charles Schwab by 16.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 70,461 shares of the financial services provider’s stock worth $5,516,000 after buying an additional 9,769 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Charles Schwab by 16.2% in the 1st quarter. HB Wealth Management LLC now owns 52,946 shares of the financial services provider’s stock worth $4,145,000 after buying an additional 7,390 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Charles Schwab by 32.2% in the first quarter. TD Asset Management Inc now owns 747,162 shares of the financial services provider’s stock valued at $58,488,000 after acquiring an additional 182,110 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Charles Schwab by 11.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 686,735 shares of the financial services provider’s stock valued at $53,758,000 after acquiring an additional 68,702 shares during the last quarter. 84.38% of the stock is owned by hedge funds and other institutional investors.

Charles Schwab Price Performance

NYSE SCHW opened at $90.52 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.47. The company has a market cap of $160.85 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02. The Charles Schwab Corporation has a 52 week low of $65.88 and a 52 week high of $99.59. The firm’s 50-day simple moving average is $93.85 and its two-hundred day simple moving average is $92.85.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.06. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $5.93 billion. Charles Schwab had a net margin of 35.93% and a return on equity of 21.26%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Research analysts predict that The Charles Schwab Corporation will post 4.22 earnings per share for the current year.

Charles Schwab Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.2%. Charles Schwab’s payout ratio is presently 25.29%.

Insiders Place Their Bets

In other news, General Counsel Peter J. Morgan III sold 50,016 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $97.00, for a total value of $4,851,552.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jonathan S. Beatty sold 3,072 shares of Charles Schwab stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $98.00, for a total value of $301,056.00. Following the completion of the transaction, the insider owned 11,923 shares of the company’s stock, valued at approximately $1,168,454. This trade represents a 20.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 68,938 shares of company stock worth $6,671,953 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Charles Schwab in a research report on Friday, October 17th. TD Cowen boosted their price target on shares of Charles Schwab from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Zacks Research downgraded shares of Charles Schwab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Keefe, Bruyette & Woods boosted their target price on shares of Charles Schwab from $109.00 to $111.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Barclays raised their price target on shares of Charles Schwab from $114.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.45.

About Charles Schwab

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.